ORLANDO, Fla. & GOLD COAST, Australia, March 4 (Bernama-BUSINESS WIRE) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, has successfully closed the acquisition of the vacation ownership business of global hospitality giant Accor (AC:FP). The acquisition is expected to be immediately accretive to Travel + Leisure Co. earnings.
The deal means the Accor Vacation Club based in Australia, New Zealand and Indonesia will now be integrated into the Travel + Leisure Co. business structure. The company has assumed responsibility for the development and marketing of Accor Vacation Club, along with the servicing of nearly 30,000 club members and management of 24 club resorts in Australia, New Zealand and Indonesia.
